NATIONAL RECOVERY ADMINISTRATION
CODE OF FAIR COMPETITION
SCRAP IRON, NONFERROUS SCRAP
METALS AND WASTE MATERIALS
AS APPROVED ON OCTOBER 25, 1934
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Approved Code No. 330-Amendment No. 1
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Approved Code No. 330-Amendment No. 1
AMENDMENT TO CODE OF FAIR COMPETITION
SCRAP IRON, NONFERROUS SCRAP METALS AND
WASTE MATERIALS TRADE
As Approved on October 25, 1934
APPROVING AMENDMENT OF CODE OF FAIR COMPETITION FOR THE SCRAP
IRON, NONFERROUS SCRAP METALS AND WASTE MATERIALS TRADE
An application having been duly made pursuant to and in full
compliance with the provisions of Title I of the National Industrial
Recovery Act, approved June 16, 1933, for approval of an amend-
ment to a Code of Fair Competition for the Scrap Iron, Nonferrous
Scrap Metals and Waste Materials Trade, and hearings having been
duly held thereon and the annexed report on said amendment, con-
taining findings with respect thereto, having been made and directed
to the President:
NOW, THEREFORE, on behalf of the President of the United
States, the National Industrial Recovery Board, pursuant to au-
thority vested in it by Executive Orders of the President, including
Executive Order No. 6859, dated September 27, 1934, and otherwise,
does hereby incorporate by reference said annexed report and does
find that said amendment and the Code as constituted after being
amended comply in all respects with the pertinent provisions and
will promote the policies and purposes of said Title of said Act; and
does hereby order that said amendment be and it is hereby approved,
and that the previous approval of said Code is hereby amended to
include an approval of said Code in its entirety as amended.
NATIONAL INDUSTRIAL RECOVERY BOARD,
By G. A. LYNCH, Adninistrative Officer.
ROBERT L. HOUSTON,
WASHINGTON, D. C.,
October 25, 1934.
REPORT TO THE PRESIDENT
The White House.
SIR: This is a report on an amendment to the Code of Fair Com-
petition for the Scrap Iron, Nonferrous Scrap Metals and Waste
Materials Trade, on which a Notice of Opportunity to be Heard was
published on September 10, 1934.
This amendment provides for the assessment of the members of
the Trade to support the cost of administration of the Code.
The Deputy Administrator in his final report to the National
Industrial Recovery Board on said amendment to said Code having
found as herein set forth and on the basis of all proceedings in
It finds that:
(a) The amendment to said Code and the Code as amended are
well designed to promote the policies and purposes of Title I of the
National Industrial Recovery Act including the removal of obstruc-
tions to the free flow of interstate and foreign commerce which tend
to diminish the amount thereof, and will provide for the general
welfare by promoting the organization of industry for the purpose
of cooperative action of labor and management under adequate
governmental sanction and supervision, by eliminating unfair
competitive practices, by promoting the fullest possible utilization
of the present productive capacity of industries, by avoiding undue
restriction of production (except as may be temporarily required),
by increasing the consumption of industrial and agricultural prod-
ucts through increasing purchasing power, by reducing and relieving
unemployment, by improving standards of labor, and by otherwise
(b) The Code as amended complies in all respects with the per-
tinent provision of said Title of said Act, including without limi-
tation subsection (a) of Section 3, subsection (a) of Section 7, and
subsection (b) of Section 10 thereof.
(c) The Code empowers the Code Authority to present the afore-
said aniendmentc on behalf of the industry as a whole.
(d) The amendment and the Code as amended are not designed to
and will not permit monopolies or monopolistic practices.
(e) The amendment and the Code as amended are not designed to
and will not eliminate or oppress small enterprises and will not
operate to discriminate against them.
(f) Those engaged in other steps ef the economic process have not
been deprived of the right to be heard prior to approval of said
For these reasons. this amendment, has been approved.
For the National'Industrial Recovery Board:
G. A. LYNCH,
OCTOBER 25, 1934.
AMENDMENT TO CODE OF FAIR COMPETITION FOR
THE SCRAP IRON, NONFERROUS SCRAP METALS AND
WASTE MATERIALS TRADE
Article VI is hereby amended by deleting Section 4 and substi-
tuting in lieu thereof the following:
4. (a) It being found necessary in order to support the admin-
istration of this Code and to maintain the standards of fair com-
petition established hereunder and to effectuate the policy of the
Act, the Code Authorities are authorized:
(1) To incur such reasonable obligations as are necessary and
proper for the foregoing purposes, and to meet such obligations out
of funds which may be raised as hereinafter provided and which
shall be held in trust for the purposes of the Code;
(2) To submit to the National Industrial Recovery Board for its
approval, subject to such notice and opportunity to be heard as it
may deem necessary:
(A) Itemized budgets of their estimated expenses for the fore-
going purposes, and
(B) Equitable bases upon which the funds necessary to support
such budgets shall be contributed by members of the Trade.
(3) After such budgets and bases of contribution have been ap-
proved by the National Industrial Recovery Board, to determine and
obtain equitable contribution as above set forth by all members of
the Trade, and to that end, if necessary, to institute legal proceedings
therefore in its own name,
(b) Each member of the Trade shall pay his or its equitable con-
t ribution to the expenses of the maintenance of the Code Authorities
determined as hereinabove provided, and subject to rules and regula-
tions pertaining thereto issued by the National Industrial Recovery
Board. Only members of the Trade complying with the Code and
contributing to the expenses of its administration as hereinabove pro-
Avided, unless duly exempted from making such contributions, shall
fbe entitled to participate in the selection of members of the Code
Authorities or to receive the benefits of any of their voluntary activi-
ties or to make use of any emblem or insignia of the National
(c) The Code Authorities shall neither incur nor pay any obliga-
tion substantially in excess of the amount thereof as estimated in
their approved budgets, and shall in no event exceed the total amount
contained in the approved budgets, except upon approval of the Na-
i tional Industrial Recovery Board; and no subsequent budgets shall
contain any deficiency item for expenditures in excess of prior budget
estimates except those which the National Industrial Recovery Board
shall have so approved.
SApproved Code No. 330--Amendment No. 1.
Registry No. 1632-27.
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